10 things you need to know today: March 12, 2019

Trump proposes spending more on military and less on Medicaid, the FAA says Boeing 737 Max 8 jets are safe to fly, and more

Boeing logo in Maryland
(Image credit: JIM WATSON/AFP/Getty Images)

1. Trump proposes boosting spending on military, border wall

President Trump on Monday proposed a $4.7 trillion budget, the biggest in U.S. history, that would boost defense spending by $750 billion and include $8.6 billion to build barriers on the U.S.-Mexico border. The budget also seeks to cut spending on such social programs as Medicaid, food stamps, and environmental protection. Democrats flatly rejected Trump's plan, saying it would go nowhere. Trump's annual budget proposal to Congress nearly doubles the national debt growth over his 2018 projections. In his 2018 budget proposal, Trump estimated America's national debt would expand from about $14.2 trillion in 2016 to $18.6 trillion in 2027. In his new budget, America's debt would grow by more than $8 trillion to $24 trillion by 2027.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.